3 d. ago Venezuelan oil exports to China set to drop as US blockade limits cargoes

Venezuelan oil exports to China set to drop as US blockade limits cargoes  Reuters

Transport

5 d. ago 2 supertankers sailing to pick up Venezuelan oil for China make U

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the Opec country have made U-turns and are now heading back to Asia, LSEG shipping data showed on Monday. Following the US announcement last week of a US$2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, US President Donald Trump said China would not be deprived of Venezuela’s crude. But the Asian country, the first market of the...

Events

8 d. ago US seizes tanker near Trinidad amid Venezuelan oil crackdown

The US is in the process of seizing the Olina tanker in the Caribbean near Trinidad in the fifth such interdiction of ships in recent weeks as part of Washington’s efforts to control Venezuelan oil exports, two US officials said on Friday. The Olina, which according to public shipping database Equasis was falsely flying the flag of East Timor, had previously sailed from Venezuela and had returned to the region, said an industry source with direct knowledge of the matter. “The vessel’s AIS...

Events

8 d. ago US seizes fifth tanker as Trump escalates bid to control Venezuela’s oil

The US took control of its fifth oil vessel in recent weeks on Friday in the latest move tied to the Donald Trump administration’s effort to control Venezuelan oil exports. In an early morning operation, a joint US Coast Guard and Navy team launched from the carrier USS Gerald R Ford apprehended the tanker Olina in the Caribbean Sea “without incident”, according to a social media post from the US Southern Command. “The Department of War’s Operation Southern Spear is unwavering in its mission to...

Politics

8 d. ago US seizes fifth tanker as Washington escalates bid to control Venezuela’s oil

The US took control of its fifth oil vessel in recent weeks on Friday in the latest move tied to the Donald Trump administration’s effort to control Venezuelan oil exports. Friday’s operation came ahead of a meeting between Trump and American oil executives where the US president sought to convince them to commit to an investment pledge in Venezuela. “At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House,” he said on social media...

Events

2 w. ago Hong Kong firm sanctioned by US in Venezuela crackdown found to use bogus address

A Hong Kong-based company sanctioned by the United States for alleged links to Venezuelan oil exports registered a fictitious address in the city, the Post has found, leaving a namesake eyewear firm anxious about repercussions. The Trump administration stepped up its pressure campaign against Venezuela’s oil exports earlier this week by sanctioning four companies based in Hong Kong and mainland China, accusing them of ties to the Venezuelan oil sector and evading restrictions. The US Department...

Politics